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Crypto Policy Takes Centre Stage in South Korea’s Election Campaign

  • South Korean presidential candidates are focusing on amending laws to allow spot crypto ETFs and create a stablecoin backed by the Korean Won.
  • The upcoming presidential election in South Korea on June 3rd has seen crypto take a significant role, with candidates aiming to attract the 15 million crypto investors in the country.
  • All major candidates support the introduction of Bitcoin ETFs and institutional investment, despite the current ban on such activities in South Korea.
  • South Korea is witnessing a shift in its crypto regulations, with recent developments like lifting a seven-year crypto ban by the Financial Services Commission.

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